The Union Parliament of Myanmar passed the Union Tax Law 2019 (“UTL”) on 24th June 2019 as the Pyidaungsu Htuttaw Law No. 30/2019. The UTL entered into force from 1st October 2019. Its major provisions are summarized below. 1. Special Commodity Tax (“SCT”) 1.1 Sale of special commodities as prescribed under Section 6 of Special… Read More
On 10th September 2019, the Ministry of Agriculture, Livestock and Irrigation (“MOALI”) issued its Notification No. 299/2019 called Deeds Registration Rules (“DRR”) under the Deeds Registration Law 2018 (“DRL”) to set out the procedures for registration of deeds in Myanmar. The major provisions of the DRR include: – 1. For a deed executed abroad, the… Read More
Adherence to the notice and consent principles of the Personal Data Protection Act B.E. 2562 (2019) (“PDPA”) is vital to any PDPA compliance regime. Notice and consent are two separate matters but are inextricably linked pre-requisites of any collection, use or disclosure of personal data. NOTICE REQUIREMENT The PDPA requires that Controllers notify data subjects… Read More
OVERVIEW The Personal Data Protection Act B.E. 2562 (2019) (“PDPA”) of Thailand came into force on the 28th of May 2019. It establishes a framework of principles, rules and bodies which protects an individual’s personal data whilst also enabling businesses to continue to derive economic value from the exploitation of personal data. A one-year grace… Read More
In September 2019, the meeting of the Sub-Committee Responsible for Review of Businesses under the Foreign Business Act B.E. 2542 (1999) of Thailand has prepared to propose to the Foreign Business Committee to remove the following businesses from List 3 (foreigner restricted businesses) of the FBA in order to facilitate foreign investments in Thailand:- (1) … Read More
On 26th September 2019, Prasantaya Bantadtan our partner and Oramart Aurore Saardphak our senior associate spoke as exclusive guest speakers at the 19th Legal Forum Seminar Pattaya organized by the KTCC (Korean-Thai Chamber of Commerce) at Dusit Thani Hotel, Pattaya. The topics presented by the team included an update on laws and practices 2019, the laws… Read More